We are committed to achieving the following charitable objects:
- To prevent and/or relieve poverty among those living in Scotland
- To advance community development, and urban and rural regeneration, in Scotland
- To advance education in Scotland.
We will do this by evaluating the impact of our investment packages, both on the investee organisations and on the communities in which they work.
We have revised the way we will measure the social impact of our investments. We have introduced a framework based on the Big Society Capital matrix, which will better reflect the variety of social impact that our investments allow you to make. Our framework has six outcome categories; which will allow you to better explain what you intend to achieve and subsequently demonstrate how your organisation is making a difference.
When you apply for investment we will ask you to tell us how your proposed project will help us to meet one or more of our charitable objects, in which outcome areas you work and how you currently measure your outcomes. You will be given the opportunity to provide more information should your application progress to the assessment stage. Please see the Social outcomes categories guidance for applicants for further information about the outcome categories and how to choose the right ones for your project.
If you receive a Start & Grow investment (up to £60k), you will be asked to complete a monitoring exercise annually to tell us how the investment has impacted on the work of your organisation and helped you to achieve your own outcomes.
If you receive a Making Enterprise Happen investment (up to £500k), the process for monitoring and evaluation will be discussed and agreed with you as part of the assessment process.